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The World must unite as one to decisively confront global challenges. Corrective action must begin with the reform of institutions of global governance. This has been on the BRICS agenda since its inception
Wednesday, April 3, 2024
A Relevant BRICS: Reimagining Global Economic Reform
As BRICS navigates the evolving global economic landscape, its trade, investment, and finance progress underscores its significance as a transformative force
During the 2023 annual summit, the BRICS bloc invited six countries to join its collective. Of those, five had responded with intentions of being the first expansion nations for the bloc since 2001. However, since the start of the year, uncertainty has abounded over Saudi Arabia’s status regarding joining the BRICS alliance
Pakistan’s intellectual and political circles regard BRICS as an essential platform for advancing the nation’s strategic and economic interests globally. Achieving this goal, however, demands meticulous navigation of geopolitical challenges, particularly with India, and crafting a persuasive argument for Pakistan’s inclusion in BRICS
The burgeoning trajectory of India's oil demand growth mirrors the evolving landscape of global energy consumption. According to projections by the Organization of Petroleum Exporting Countries (OPEC), India's oil demand is expected to reach 5.59 million barrels per day (b/d) in 2024, marking a marginal increase from 5.37 million b/d in the previous year
A key component of Russia’s 21st-century grand strategy goal of becoming the supreme balancing force in Eurasia is its “Ummah Pivot” of comprehensive engagement with the Muslim-majority countries to its South, stretching from North Africa to South Asia
In January 2024, the Kingdom of Saudi Arabia officially announced its membership of BRICS, an international economic bloc that includes Brazil, Russia, India, China and South Africa
With the BRICS forum, Ethiopia got a new platform for cooperating with member states on specialised issues like finance, technology and global governance matters, which also positively enhances trust among the members states; Ethiopia is due to benefit substantially over time, writes Dareskedar Taye, Lead Researcher at the Institute of Foreign Affairs, Ethiopia